22-24 Kinarra Ave, Wyoming, NSW
Building type: Medical
Building area: 1,900m2
Land area: 6,891m2
How Did Prosper Group Assist Their Client?
Prosper Group’s extensive network of contacts in the property industry allowed them to identify this off market opportunity. This meant that their client did not have to compete against any other buyers in an expression of interest campaign or an auction.
Prosper Group identified during their thorough due diligence analysis that there was a discrepancy with the lettable area which meant that the final lease rate was higher than originally notified by the selling agent. Prosper Group conducted further investigations to identify that the higher lease rate was still within market rent rates for medical centres.
This information gave their client the confidence to proceed with purchasing this property even though the final lettable area was less than the original area notified by the agent.